Q4 2018 Earnings Estimate for MFA Financial, Inc. Issued By FBR & Co (MFA)
MFA Financial, Inc. (NYSE:MFA) – Equities researchers at FBR & Co upped their Q4 2018 earnings per share (EPS) estimates for shares of MFA Financial in a report issued on Monday. FBR & Co analyst J. Levi-Ribner now anticipates that the real estate investment trust will post earnings of $0.21 per share for the quarter, up from their previous forecast of $0.20.
MFA Financial (NYSE:MFA) last posted its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.20 EPS for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.02. MFA Financial had a net margin of 61.94% and a return on equity of 10.12%. The company had revenue of $61.14 million during the quarter, compared to the consensus estimate of $68.91 million. During the same quarter in the prior year, the company posted $0.20 EPS. The company’s quarterly revenue was down 8.5% compared to the same quarter last year.
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Other equities research analysts also recently issued research reports about the company. Royal Bank Of Canada reissued a “buy” rating and set a $9.00 price objective on shares of MFA Financial in a report on Friday, August 4th. Zacks Investment Research raised MFA Financial from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. BidaskClub downgraded MFA Financial from a “buy” rating to a “hold” rating in a report on Saturday, September 16th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $8.50 price objective on shares of MFA Financial in a report on Friday, August 4th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $8.81.
MFA Financial (MFA) remained flat at $8.65 during trading on Tuesday. The company had a trading volume of 931,786 shares. The company has a market capitalization of $3.43 billion, a price-to-earnings ratio of 10.91 and a beta of 0.71. The stock’s 50-day moving average is $8.74 and its 200-day moving average is $8.52. MFA Financial has a 1-year low of $7.17 and a 1-year high of $8.90.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Thursday, September 28th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 9.25%. The ex-dividend date of this dividend is Wednesday, September 27th. MFA Financial’s dividend payout ratio (DPR) is presently 102.56%.
Institutional investors have recently modified their holdings of the stock. Eagle Asset Management Inc. bought a new stake in MFA Financial in the 2nd quarter valued at about $1,263,000. Principal Financial Group Inc. increased its position in MFA Financial by 1.3% in the 1st quarter. Principal Financial Group Inc. now owns 280,876 shares of the real estate investment trust’s stock valued at $2,269,000 after buying an additional 3,504 shares in the last quarter. Sigma Planning Corp increased its position in MFA Financial by 26.0% in the 2nd quarter. Sigma Planning Corp now owns 19,120 shares of the real estate investment trust’s stock valued at $160,000 after buying an additional 3,946 shares in the last quarter. JPMorgan Chase & Co. increased its position in MFA Financial by 459.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,832,089 shares of the real estate investment trust’s stock valued at $15,371,000 after buying an additional 1,504,565 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its position in MFA Financial by 58.2% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 643,601 shares of the real estate investment trust’s stock valued at $5,400,000 after buying an additional 236,672 shares in the last quarter. 80.17% of the stock is owned by institutional investors and hedge funds.
About MFA Financial
MFA Financial, Inc is engaged in the real estate finance business. The Company’s subsidiaries invest in residential mortgage assets, including Non-Agency mortgage-backed securities (MBS), Agency MBS, residential whole loans and credit risk transfer (CRT) securities. The Company’s Non-Agency MBS portfolio primarily consists of Legacy Non-Agency MBS and 3 Year Step-up securities.
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